Chipotle (CMG) Receives a Buy from BTIG

BTIG analyst Peter Saleh reiterated a Buy rating on Chipotle (CMGResearch Report) yesterday and set a price target of $1975.00. The company’s shares closed last Wednesday at $1475.63.

According to TipRanks.com, Saleh is a 5-star analyst with an average return of 13.7% and a 59.4% success rate. Saleh covers the Services sector, focusing on stocks such as Papa John’s International, BurgerFi International, and Texas Roadhouse.

Chipotle has an analyst consensus of Moderate Buy, with a price target consensus of $1893.70, implying a 26.4% upside from current levels. In a report issued on April 12, Citigroup also initiated coverage with a Buy rating on the stock with a $1900.00 price target.

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Based on Chipotle’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.96 billion and net profit of $133 million. In comparison, last year the company earned revenue of $1.61 billion and had a net profit of $191 million.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Chipotle Mexican Grill, Inc. is a Mexican food restaurant chain operator. It engages in the development and operation of fast-casual, fresh Mexican food restaurants throughout the United States. It offers a focused menu of burritos, burrito bowls, tacos, and salads cooked through traditional methods and served in a unique atmosphere.

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